Reports of certain domestic coin and currency transactions (31 CFR 1010.370 & 1010.410(d))

ICR 201407-1506-010

OMB: 1506-0056

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2014-09-15
IC Document Collections
IC ID
Document
Title
Status
194394
Unchanged
ICR Details
1506-0056 201407-1506-010
Historical Active 201108-1506-006
TREAS/FINCEN
Reports of certain domestic coin and currency transactions (31 CFR 1010.370 & 1010.410(d))
Extension without change of a currently approved collection   No
Regular
Approved without change 11/28/2014
Retrieve Notice of Action (NOA) 09/15/2014
  Inventory as of this Action Requested Previously Approved
11/30/2017 36 Months From Approved 11/30/2014
17,000 0 17,000
6,800 0 6,800
0 0 0

Upon a finding that additional reporting or recordkeeping is necessary to carry out the purposes, or prevent the evasion, of the Bank Secrecy Act, Treasury may issue an order requiring financial institutions or groups of financial institutions in certain geographic locations to report certain transactions in prescribed amounts for a limited period of time (31 CFR 1010.360). Financial institutions subject to a geographic targeting order must maintain records for such period of time as the order requires but not more than 5 years (31 CFR 1010.410(d)). Although the burden is stated as an annual burden in accordance with the Paperwork Reduction Act, the estimated annual burden is not intended to indicate that there is a geographic targeting order in effect throughout a year or in each year

US Code: 31 USC 5311-5330 Name of Law: Money and Finance
  
None

Not associated with rulemaking

  79 FR 30928 05/29/2014
79 FR 52107 09/02/2014
No

1
IC Title Form No. Form Name
Reports of certain domestic coin and currency transactions

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 17,000 17,000 0 0 0 0
Annual Time Burden (Hours) 6,800 6,800 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Russell Stephenson 202 354-6012

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
09/15/2014


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